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The ship recycling market has mostly remained in “wait and see” mode, after the recent developments in the Middle East. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading

The ongoing lull in tonnage scrapping in the crude tanker market is signalling the calm before the storm, as we anticipate a massive surge in scrapping in the coming years.

The new mandatory performance standards introduce changes to the design and operational requirements for pilot transfer arrangements, including those already installed onboard ships in operation. Achieving compliance with the new

The newbuilding market has retained its strong momentum over the past week. In its latest weekly report, shipbroker Banchero Costa said that “newbuilding market remains hot even this week, with

Contradictions muddying the waters of the global sanctions regime on Russian oil are making it increasingly difficult for ship operators, even with the best intentions, to stay on the right

We welcome the continued engagement by governments and stakeholders at the latest meeting of the Basel Convention Open-ended Working Group (OEWG), where discussions focused on the complex legal and environmental

Prices for dry bulkers were on the rise during the first six months of the year. In its latest weekly report, shipbroker Xclusiv said that “the dry bulk S&P market

Following the announcement of a ceasefire on 24 June, the operational environment shifted from a complete closure towards a tightly managed but highly contested transit regime. On 24 June, temporary

Fuel-related charges more than doubled following the escalation of the Iran conflict, as carriers introduced emergency bunker surcharges while standard BAF mechanisms gradually adjusted to higher bunker prices. This created